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Cairn Energy PLC  -  CNE   

Director/PDMR Shareholding

Released 16:11 06-Feb-2013

RNS Number : 2953X
Cairn Energy PLC
06 February 2013
 



 

 

 

FOR IMMEDIATE RELEASE                                                                                    6 February 2013

 

 

CAIRN ENERGY PLC ("Cairn" or "the Company")

 

PDMR Monthly Purchase of Partnership Shares / Award of Matching Shares

under the Cairn Energy PLC 2010 Share Incentive Plan 2010 (the "SIP")

 

 

Cairn announces that, on 6 February 2013, the trustee (the "Trustee") of the Company's HMRC approved all-employee SIP purchased 43 ordinary shares of 231/169 each in the capital of the Company ("Ordinary Shares") in the market at a price of £2.928796 per Share on behalf of the undernoted PDMR who participates in the "Partnership Share" element of the SIP (using deductions made each month from his gross salary).

 

An award of a further 86 Ordinary Shares was also made to the undernoted PDMR under the "Matching Share" element of the SIP (on the basis of two free Matching Shares for every one Partnership Share purchased). The Ordinary Shares used to satisfy these awards were previously purchased in the market by the Trustee.

 

Details of the PDMR's purchase and award under the SIP are as follows:

 

PDMR

No. of Partnership Shares purchased

No. of Matching Shares awarded

Total No. of Shares Acquired

Robert J E Jones*

43

86

129

 

In accordance with the rules of the SIP, Partnership and Matching Shares are initially held by the Trustee on the participants' behalf and, in the case of Matching Shares, must normally remain so held throughout a period of five years from the date of award.

 

Following these notifications, the above PDMR's beneficial interests in the Ordinary Shares of the Company are as follows:-

 

PDMR

Ordinary Shares

% Issued

Share Capital

Outstanding Awards under 2009 LTIP

Robert J E Jones*

136,336

0.023

219,914

 

*Robert J E Jones became a PDMR of the Company with effect from 1 January 2013 and is the Regional Director of the Company's assets in the Mediterranean and North Africa. 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Director/PDMR Shareholding - RNS